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A Goldman Sachs partner and head of securities division distribution for the Middle East and North Africa is retiring, Financial News has learned.

Neil Wright, who joined Goldman in 1999 and has been based in Dubai since 2010, will retire at the end of this year and become an advisory director, according to an internal memo seen by Financial News.

A spokeswoman for Goldman Sachs confirmed the contents of the memo but declined to comment further.

Wright initially worked in credit sales, covering UK banks, before becoming co-head of European bank sales in 2002, head of European structured sales in 2005, and head of European credit sales in 2007.

The memo said that Wright has played a large role in developing Goldman Sachs’s client relationships in the Mena region and has been involved in recruiting and mentoring staff.

He was named a managing director in 2002 and partner in 2006.

A partner at Goldman Sachs typically holds the coveted title for eight years. Goldman Sachs will announce its new class of partners next week.